@MaryKostakidis@cheryl_kernot Makes perfect sense, follow up question needs to be "how have the constraints changed to generate a different optimal pathway?" USA have shifted to goal posts.
The barefoot investor thinks that the budget changes don’t impact the VAST majority of people’s current savings & investment plans
As for those it does? They’ll be fine
“The wealthiest people in the country. Living in one of the wealthiest countries in the world…life is good.”
I'd reckon owning multiple negative geared properties with interest only mortgages might make landlords highly sensitive to interest rate increase.
Rates go up, rents go up.
There’s no denying Australia is in a housing crisis.
But what’s really driving it? Supply, migration, tax policy?
Housing advocate Maiy Azize and property investor Jack Henderson join Karl for a fiery debate.
Live now – link in bio.
Mate, best you get rid of those stamp duties the states were meant to remove when the GST came in before you show your ignorance of progressive tax scales.
NSW Premier Chris Minns said income-earners paying the highest marginal tax rate of 47 per cent were effectively working half the week for the federal government. https://t.co/AkIqocm0Bt
@DrJulieAH It didn't make sense to me. "Oh no, now I will have to pay 47%" seemed odd. It implies the person was earning $190k or more and under prior arrangements they would somehow manage to completely evade all tax on their capital gain.
@PatsKarvelas Does the meme going around suggesting Albo is taking 47% equity position suggest they were paying near 0% prior to the changes? I don't get it.
@BraddrofliT You think it will only take one term? That seems optimistic, from here it looks like it will take at least a decade or more. But USA will never be fully restored in international eyes.
@HarryFromSyd@TomisCrowley Tax experts are all for it, but I have heard differing view from economists.
It used to be that way and all previous government never went near it. I understand its because it trades one problem for another.
@HarryFromSyd@TomisCrowley I like the concept of indexation, but it is simple and a policy design for simpletons.
What genuinely worries me is not the indexation, but that the gov of the day will have to find a way to fund it with, especially when we see inflation spikes driven by the likes of Trump.
@HarryFromSyd@TomisCrowley Yeah I did, but you don't really want an answer though do you.
Having said that though, the cost implications of indexing tax brackets indefinitely compared to disrupting a rent seeking telco that spent decades holding the country back is very different.
@HarryFromSyd@TomisCrowley You seem, to think this is a blue team vs read team thing... maybe it is for you but I care about good policy that is sustainable.
I was highly critical of the way Conroy ran the NBN policy, I was on his shit list.
It was good policy that the politicians should have kept out of.
@HarryFromSyd@TomisCrowley Right, so you are saying that they have announced and taken a historically costly policy without knowing what it would cost today... during a period of elevated inflation?
Perhaps they thought it doesn't matter as they will not win government in one election, it'll take 2 or 3.
When One Nation win seats in the next Victorian parliament, we will relocate the new Daniel Andrews statue to a special Museum of Underwater Art in Antartica.